What happened?
- US inflation rose to 3.5% for the year ending in March, as reported by the Bureau of Labor Statistics. [washingtonexaminer.com, cnbc.com, washingtonpost.com]
- Prices have surged in March, with experts attributing the issue to factors like runaway federal spending. [dailycaller.com, cnbc.com, washingtonpost.com]
- Inflation has remained high throughout Biden’s term, despite repeated promises that it was “transitory”. [nypost.com, nytimes.com, washingtonpost.com]
- Biden and Trump have made conflicting claims about the impact of March’s consumer price index on the Federal Reserve’s interest rate decisions. [thehill.com, cnbc.com]
- Biden has blamed corporations and Republicans for high costs of living, while touting economic gains from his policies, but the inflation data has remained higher than expected. [cnbc.com, thehill.com]
What is Conservative media saying?
- According to a research paper, the real inflation rate under Biden, using pre-1983 calculations, reached 18% in 2022. [infowars.com]
- Biden’s excessive spending, financed by money created out of thin air, has contributed to the rise in inflation. [washingtonexaminer.com, washingtontimes.com]
- Economists and market experts have criticized the Biden administration’s claims that inflation would fall, predicting it will instead ramp up again. [dailycaller.com]
- Inflation has torn through the economy over the past three years, peaking at a 9% annual rate in June 2022. [washingtonexaminer.com, newsmax.com]
- Biden’s policies, including the American Rescue Plan and the Inflation Reduction Act, have been criticized as giveaways to Democrats’ friends and special interest groups, further exacerbating the inflationary pressures. [washingtonexaminer.com]
What is Liberal media saying?
- The booming economy and surging gas prices, mortgages, and rent have pushed inflation higher than expected, exacerbating a key vulnerability for President Biden heading into the height of campaign season. [washingtonpost.com, independent.co.uk]
- Biden said that his party has ‘a plan to deal with’ inflation, but unexpectedly strong job growth, wages, and consumer spending are making it more likely that the Federal Reserve will keep interest rates elevated until late in the year, possibly until days after the election. [independent.co.uk, washingtonpost.com]
- Biden is calling on corporations, including grocery retailers, to use record profits to reduce prices, but his proposal to build and renovate more than 2 million homes could help with the housing shortage, but it’s unlikely to happen before November. [cnn.com]
- Voters repeatedly point to higher prices as a source of their unhappiness about the state of the country. [washingtonpost.com]
Media sources:
- washingtonexaminer.com
- dailycaller.com
- freebeacon.com
- infowars.com
- washingtontimes.com
- nypost.com
- theepochtimes.com
- newsmax.com
- foxnews.com
- cnbc.com
- thehill.com
- washingtonpost.com
- independent.co.uk
- nytimes.com
- cnn.com
